December 20

China COSCO SHIPPING Group's First

“‘Ship’Embracing Innovation，Sailing Towards the Future ”

Science and Technology Innovation Competition Final and Awarding Ceremony

Successfully held at the Group's headquarters

In order to deeply study the important instructions of General Secretary Xi Jinping on science and technology innovation and further implement the spirit of the Third Plenary Session of the 20th CPC Central Committee, the Group organized the First“‘Ship’Embracing Innovation，Sailing Towards the Future ”Science and Technology Innovation Competition, aiming at stimulating the enthusiasm for innovation among the staff and cultivating and discovering outstanding young talents, enriching the form of talent cultivation and incentive with the characteristics of COSCO SHIPPING, shaping the excellent enterprise culture, enhancing the core competitiveness of the enterprise, and providing new impetus for the construction of a world-class shipping science and technology enterprise.

Jointly organized by the Group's Sci-tech Innovation Department, Digitalization Department and the Group Youth League Committee, the Competition focused on the two major avenues of ‘Digital Intelligence’ and ‘Green and Low-Carbon’, and lasted for six months, with 168 projects competing for the competition. After the declaration and selection process and evaluation by internal and external experts, 24 projects finally advanced to the final round, among which 3 projects of COSCO SHIPPING Development were selected as finalists.

YAN Xinping, Chief Scientist of the Group, inducted academician of the Group's Academician Service Centre and academician of the Chinese Academy of Engineering, SHI Xin, Vice President and Professor of Shanghai Maritime University, ZHAO Yan, Vice President of China Classification Society, HE Fang, Deputy Head of the Department of Industrial Engineering of Tsinghua University and long-time Associate Professor of the Department of Industrial Engineering of Tsinghua University, YANG Genke, long-time Professor of the Department of Automation of Shanghai Jiao Tong University and Director of Ningbo Artificial Intelligence Research Institute, and Researcher of the Institute of Artificial Intelligence Innovation and Industry of Fudan University, Li Hao, Vice President of Shanghai Institute of Scientific Intelligence, Han Dong, Professor and Deputy Director of New Energy Power Research Institute, School of Mechanical and Power Engineering, Shanghai Jiao Tong University, TANG Chao, Director of the Artificial Intelligence Institute of China Electronics Data Science and Intelligent Engineering Research Institute, and CHEN Yangfan, Deputy General Manager of the Group and member of Group's Party Group, served as judges of the competition.

In the final round, the main person in charge of the project reported and defended on the stage, and the evaluation experts gave comprehensive scores on the dimensions of innovation, advancement, applicability and presentation of the project, and finally assessed the award levels.

Through layers of screening and on-site evaluation, the three participating projects of COSCO SHIPPING Development achieved good results. The application demonstration research of large-scale pure electric-powered container ships of COSCO SHIPPING Development Co., Ltd. won the second prize, and the Container Carbon Footprint and Environmental Product Declaration platform of Shanghai Universal Logistics Equipment Co., Ltd. （CFP&EPD）won the third prize, the Container Industry Chain Collaboration Platform of Florens International Co., Ltd. won the Excellence Award.

At present, the rapid development of a new round of technological revolution is shaping new momentum and new advantages in global shipping development. COSCO SHIPPING Development seizes the opportunity of science and technology development, adheres to independent scientific and technological innovation, combines artificial intelligence, big data, etc. with business scenarios, accelerates collaborative innovation and practical application, promotes the green and intelligent transformation of the shipping industry, and creates a better future for the shipping business.